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What is the goods and services tax (gst) The goods and service tax act was passed in the parliament on 29th march 2017 and came into effect on 1st july 2017. The gst is paid by.

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The goods and services tax (gst) is a comprehensive indirect tax levied on the supply of goods and services in a country It is an indirect tax which has replaced many indirect taxes in india such as the excise duty, vat, services tax, etc Learn what is meant by goods and services tax, gst definition, types of gst, gst rates and more gst news here at business standard.

Gst unified the country's tax structure, simplifying the taxation of goods and services and eliminating the need for multiple taxes previously levied by both central and state governments

Gst is known as the goods and services tax